2021-04-05-accounts

		PAGE
Legal and Administrative	Information
Trustees' Report		2-3
Independent Examiner's	Report
Statement of Financial	Activities
Balance Sheet
Notes to the accounts		7-13
Appendix 1

Founder:			John Mackie as Settlor
Governing	Document:		Declaration ofTrust Deed dated 19September 1990,as amended
			by Scheme dated 29 October	2015
Trustees:			Fiona Ann Smith
			James Cooper Mackie Riggs
			Nicholas Robert Lindsay Barton
Charity Address:			Forsters LLP
			31 Hill Street
			London
			W1J 5LS
Charity Registration		No:	1000676
Solicitors:			Forsters LLPas above
Bankers:			C Hoare &Co
			37 Fleet Street
			London
			EC4P 4DQ
Investment	Advisers:		Ruffer LLP
			80Victoria Street
			London
			SW1E5JL
			Brooks MacDonald
			Hobart House
			80 Hanover Street
			Edinburgh
			EH2 1EL
Independent	Examiner:		C P Potter FCA of Humphrey	&Co
Accountants:			Humphrey &Co
			Chartered Accountants
			7 - 9The Avenue
			Eastbourne
			East Sussex
			BN21 3YA

			Unrestricted
		Note	fundsf	2021f	2020 f
INCOMING RESOURCES
Investment Income			140,318.72	140,318.72	181,905.63
Outstanding tax relief plus repayment		interest	1,893.67	1,893.67	1,431.27
TOTAL INCOMING RESOURCES			142,212,39	142,212.39	183,336.90
RESOURCES EXPENDED
Costs ofgenerating funds
Investment management fees			21,025.37	21,025.37	26,403.45
Charitable activities
Donations			127,870.00	127,870.00	171,000.00
Support costs
Legal fees		13	23,277.00	23,277.00	19,686.00
Professional fees
Accountancy fees			5,640,00	5,640.00	5,520,00
Bank charges			80.00	80.00	70.00
Trustees' expenses		12			79.65
TOTAL RESOURCES EXPENDED			177,892.37	177,892.37	222,759.10
NET (OUTGOING) RESOURCES BEFORE
OTHER RECOGNISED GAINS/(LOSSES)			(35,679.98)	(35,679.98)	(39,422,20)
OTHER RECOGNISED GAINS/(LOSSES)
Gains/(losses) on investments	held for
charitable use		3	1,221,265.24	1,221,265.24	(524,110.51)
NET MOVEMENT IN FUNDS			1,185,585.26	1,185,585.26	(563,532.71)
TOTAL FUNDS brought forward at		6 April 2020	5,330,794.53	5,330,794.53	5,894,327.24
TOTAL FUNDS carried forward at 5April 2021			6,516,379.79	6,516,379.79	5,330,794.53
The notes on pages 7to 13form part		ofthese accounts.

		Note	Note		2021		2020
					E		K
2. INVESTMENT	INCOME
Investment Income		Appendix	1		136,800.80		177,617.05
M 8 G Charibond	Interest	Appendix	1		1,086.00		1,013.60
M5 G Charifund	Dividend	Appendix	1		2,431.92		3,148.29
Deposit Interest gross							126.69
				E	140,318.72	E	181,905.63
3.NET GAINS/ LOSSES ON INVESTMENTS
Revaluation of Investments					1,252,958,91		(545,741.53)
(Loss)/Gain on Sale of Investments					(31,693.67)		21,631.02
				E	1,221,265.24	F	(524,110,51)
4. EXPENDITURE ANALYSIS
					2021
		Grant making to institutions		Support Costs		Total	Costs
Drug Rehabilitation		27,270.00			6,184.00		33,454.00
Other activities		100,600.00			22,813.00		123,413.00
		127,870.00			28,997.00		156,867.00
					2020
		Grant making to institutions		Support Costs		Total	Costs
Drug Rehabilitation		72,000.00			10,676.06		82,676.06
Other activities		99,000.00			14,679,59		113,679,59
		171,000.00			25,355.65		196,355,65

						Note	2021		2020
							E
4. EXPENDITURE	ANALYSIS		CONT.
					Charity
					Number
Macmillan Cancer	Support				261017				60,000.00
Wincanton Community		Venture			1080719		8,000.00
St Mungo's					1149085		30,000,00
King's College London					1165593		12,600.00
Airedale Voluntary	Drug	and Alcohol Agency		Ltd	1173006		7,270.00
The Forward Trust					1001701		15,000.00
The Hebron Trust					326162		5,000.00		72,000.00
Bethany Christian	Trust				1171176		50,000.00		9,000.00
The Nehemiah Project					1058536				30,000.00
							127,870.00	L	171,000.00

During the year the In	dependent Examiner received remune	ration for providing th	e below services	:
Examination	ofthe accounts		1,650.00		1,620.00
Other financial services			3,990.00		3,900.00
		f	5,640.00	f	5520.00
6.FIXEDASSET INVESTMENTS
Listed Investments			6355895.98		5,140865.78
UK Equities and Unit	Trusts		1,491,895.71		1,041,450.39
Fixed Interest Securities			641,710,07		672,489.46
Overseas Equities			751,346.77		985,931.04
Global Funds			2,833,495.26		1,851,081.72
Other investments			637,448.17		589,913.17

Cost or valuation
At 5 April 2020				5,140,865.78		5,784,373.74
Additions				302,772,20		758,851.89
Valuation changes				1,221,265.24		(545,741.53)
Disposals				(309,007.24)		(856,618.32)
At 5 April 2021				6,355,895.98		5,140,865.78
7. CASH AT BANK
C Hoare &Co				113,204.86		75,597.18
Ruffer LLP Capital Account				0.06		0.06
Ruffer LLP income Account
Brooks MacDonald	(formerly Cornelian)	Capital Account		69,236.99		133,709.00
Brooks MacDonald	(formerly Carnelian)	income Account		20,528.10		24,564.06
			F	202,970.01	F	233,870.30
8. DEBTORS
Tax reclaim on net investments				4,601.22		2,707.55
				4,601.22	E	2,707.55

										2021	2020
											K
9. CREDITORS: amounts				failin		due within one			ear
Fundin	commitments		due in		under one			ear
Hebron House										18,000.00
										18,000.00
Accruals
Brooks MacDonald										5,447.42	5,129,10
Humphrey	8 Co									5,640.00	5,520.00
										11,087.42	10,649.10
Other Creditors
Humphrey	8 Co
Forsters
										29,087,42	10,649.10
Fundin	commitments		due after			one	ear
Hebron House										18,000.00	36,000.00
										47,087.42	46,649.10
10.FINANCIAL		INSTRUMENTS
Carrying	Amount ofFinancial				Assets
Debt instruments		measured		at amortised			cost			4,601.22	2,707.55
Measured	at fair	value	through statement				of	financial	activities	6,355,895.98	5140865,78
Carrying	Amount ofFinancial				Liabilities
Measured	at arnortised		cost							29,087.42	10,649,10

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